How PSD2 and Open Banking will shape the future of payments

I have spent a lot of time at FinTech conferences over the last few years contemplating the impact of PayTech, RegTech, LendTech – and everything in between – on the future of the financial services industry.

While these conferences are often long on vision, they can sometimes be rather short on reality and it is usually at this point of confluence where the importance of good old regulation comes into play.

New Xbash Malware: A Deadly Fusion of Ransomware, Botnet, Cryptominer

With cryptocurrency once again making the headlines, a new malware called Xbash has been found at Palo Alto Networks by the researchers. The malware is reported to be a deadly fusion of botnet, ransomware and cryptocurrency mining software.

The probable targets of Xbash are – servers running on Windows or Linux, it attacks poorly protected systems with weak passwords or devices functioning with unpatched known vulnerabilities.

Household appliance brand totally SHUTS DOWN following ‘targeted HACK’

A POPULAR Italian appliance brand revealed it was forced to “totally shut down systems” to safeguard customers after a “targeted hack”.

Smeg UK, a premium Italian brand, said it had a team of investigators working on the issue.

The company had urged its customers to be “patient” while they work to resolve the problem.

It is understood the cyber attack occurred earlier this week.

A statement from the company said: "Unfortunately we have been the victim of a targeted cyber attack and as such have taken immediate steps to totally shut our systems down to protect our customers and ourselves.

No.1 Adware Removal Tool On Apple App Store Caught Spying On Mac Users

A highly popular top-tier app in Apple's Mac App Store that's designed to protect its users from adware and malware threats has been, ironically, found surreptitiously stealing their browsing history without their consent, and sending it to a server in China.

What's more concerning? Even after Apple was warned a month ago, the company did not take any action against the app.

The app in question is "Adware Doctor," the Mac App Store No. 1 paid utility and also ranked as the fourth most popular paid app on the store, which sells for $4.99 and markets itself to be the "best app" to prevent "malware and malicious files from infecting your Mac."